State Street SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC)
State Street SPDR MSCI ACWI Climate Paris Aligned ETF operates in the Asset Management - Global industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $47.29, up 0.34% on the session, giving a market capitalisation of $198.8M. Its beta of 1.01 implies it has historically moved more than the broad market.
The State Street SPDR MSCI ACWI Climate Paris Aligned ETF aims to deliver investment outcomes mirroring the total return of the MSCI ACWI Climate Paris Aligned Index, before accounting for fees and operating expenses. Its benchmark is purposefully constructed to reduce financial vulnerability to both physical and transitional climate change risks, concurrently boosting engagement with sustainable investment opportunities. This methodology aligns with the recommendations of the Taskforce on Climate-Related Financial Disclosures (TCFD) and satisfies the stringent minimums of the EU Paris Aligned Benchmark. The ETF is designed for investors aiming to implement net-zero strategies and tackle climate change in an all-encompassing manner. The Index itself draws from a global pool of large and mid-sized companies spanning developed and emerging markets.
State Street SPDR MSCI ACWI Climate Paris Aligned ETF is most often compared with the following Financial Services names: